From: globenewswire.com Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company”
The Company has relaunched its iconic New England-inspired Harmony Bay Coffee brand in fresh new packaging, along with several new 40oz. bag offerings. “Our new packaging has given the Harmony Bay Coffee brand a much needed facelift, which has been well received by our customers,” said Andrew Gordon, the Company’s CEO. “The sleek new packaging design is much more appealing, while continuing to deliver the same great coffee product that our customers are accustomed to.
Coffee Holding Co.’s (NASDAQ:JVA) earnings were out of this world. Expected revenues of $19 million and earnings of 4 cents were blown out of the water, as the company came in at $20 million on the top line and 9 cents on the bottom line.
This increase in our operating expenses heavily weighed on our profits. Therefore, we have decided to make several changes in our overall operations in order to reduce expenses going forward.
Lanny Tauber of Hena Coffee (Brooklyn NY) was fond of